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Monetary and fiscal policy (collectively called demand management) can be used to stimulate the economy. In essay format, provide a detailed discussion of both fiscal
Monetary and fiscal policy (collectively called demand management) can be used to stimulate the economy. In essay format, provide a detailed discussion of both fiscal and monetary policy by explaining how policymakers can stimulate the economy. Your discussion should incorporate the following:
- Introduction
- Fiscal policy o Definition o
- Instruments used by fiscal policy
- Monetary policy o Definition o
- Instruments used by monetary policy
- Policy effectiveness
- Conclusion
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